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GAN Announces Exercise of Options

21 December, 2018

LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME

GAN Announces Exercise of Options

London & Dublin | December 21, 2018: GAN plc (“GAN” or the “Company”), announces today the exercise of options by Mr. Dermot Smurfit, Chief Executive Officer, who exercised 200,000 stock options on December 11, 2018 to acquire new ordinary shares at an exercise price of 25p per new ordinary share at a total cost of £50,000 which was subsequently received by the Company on December 21, 2018.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

“As the Company’s CEO, a major long-term shareholder and substantial holder of options over additional ordinary shares, I expect to continue to invest in GAN through progressive future exercises of vested share options."

After the transaction, Mr. Smurfit holds a total of 8,863,447 ordinary shares in the Company, representing 10.42% of the Company's total issued share capital. Mr. Smurfit currently holds vested stock options to exercise and acquire up to an additional 416,564 new ordinary shares as per the company’s 2017 Stock Options Plan together with a further 1,229,436 which have yet to vest.

The total number of extant options over ordinary shares issued to the Directors is 2,346,000 and represents 2.76% of the issued share capital of 80,051,924 ordinary shares.

About GAN Plc
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.

GAN is listed on the London Stock Exchange (LSE: GAN) and on the Irish Stock Exchange (ISE: GAME).

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London & Dublin | January 10, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the signing of a material long-term deal with the FanDuel Group (“FDG”) to be FDG’s Platform for rapid deployment of Internet casino, and account services for Internet sports betting in Pennsylvania (pop. 13M) and West Virginia (pop. 1.8M), in addition to the existing services provided since 2013 by GAN to FDG in the State of New Jersey (pop. 9M).

Grant of Options

London & Dublin | January 9, 2019: GAN plc (“GAN” or the “Company”), announces today the grant of 200,000 options over ordinary shares to David Goldberg, non-executive director, following his appointment announced on December 14, 2018. The options were granted with an exercise price of 46p each and the earliest exercise date for the options is December 31, 2019.